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Business Task (Globalisation (For :check: (Imports of raw materials can…
Business Task
Globalisation
For :check:
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Importing products creates additional competition for domestic industries, encouraging them to keep costs and prices down and to make their goods as well designed and of as high quality as possibble.
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Countries can begin to specialize in those products they are best at making if they import those that they are less efficient at as compared to other countries (comparative advantage)
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By trading in this way, the living standards of all consumers of all countries trading together should increase as they are able to buy products more cheaply than those that were produced just within their own countries
Against :red_cross:
Although it is often said that an interdependent economy leads to peace as countries dont want to go to war against one another, this has proven not to stand to true as we've learned in Vietnam , Korea , the middle east
Incentives the MNCs to search for cheaper methods of prodcuction and consecuently in a collateral way incentives the violation of human rights
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Globalization: the process by which businesses or other organizations develop international influence or start operating on an international scale.
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